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If the US defaults, Would Treasuries be Good Collateral??

MsMorrisineMsMorrisine Posts: 33,448 ✭✭✭✭✭
in Precious Metals
Exclusive: Fed planning for potential default


Going to the Fed Window with Treasuries as Collateral....

would that change once the US Defaults? Would Treasuries still be good collateral?

Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

Comments

  • derrybderryb Posts: 37,103 ✭✭✭✭✭
    Normally, IOUs from someone who can't pay their bills is not a good thing. But then again these are abnormal times.

    Repetition of ignorance is ignorance raised to the power two.

  • SpoolySpooly Posts: 2,108 ✭✭✭
    They will give you "new" treasuries for your "old" treasuries....... laughing all the way to the bank!
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
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